Symantec Announces Chief Financial Officer Transition Plan

▤ Summary

MOUNTAIN VIEW, Calif.--( BUSINESS WIRE )--Symantec Corp. (NASDAQ:SYMC) today announced that Nicholas Noviello will be stepping down from his role as Executive Vice President and Chief Financial Officer in the coming months to pursue other opportunities. “Nick’s financial expertise, tireless efforts to drive integration and transformation across the Company, and focus on improving our business systems and operational processes have laid a strong foundation for Symantec’s future. On behalf of our Board and management team, I thank Nick for his partnership, as well as his leadership and contributions to our company, including his willingness to continue to serve as CFO and assist in a thoughtful transition. Likewise, a global community of more than 50 million people and families rely on Symantecs Norton and LifeLock product suites to protect their digital lives at home and across their devices. Such risk factors include those related to: general business and economic conditions; our ability to integrate acquired businesses and realize the expected benefits of the acquisitions; matters arising out of our completed Audit Committee investigation and the ongoing U.S. Securities and Exchange Commission investigation; fluctuations and volatility in Symantec’s stock price; the ability of Symantec to successfully execute strategic plans; the ability to maintain customer and partner relationships; the ability of Symantec to achieve its cost and operating efficiency goals; the anticipated growth of certain market segments; Symantec’s sales pipeline and business strategy; fluctuations in tax rates and foreign currency exchange rates and the impact of any tax reform legislation; the impact related to Symantec’s adoption of the new revenue accounting standard and future adoption of other accounting standards; the timing and market acceptance of new product releases and upgrades; and the successful development of new products and the degree to which these products gain market acceptance.

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